Indiana Car Insurance – Auto Insurance Quotes in IN
With six and a half million residents, Indiana has the 15th largest population and is 17th in population density. Indiana ranks 38th in land area, and is the smallest state in the US, west of the Appalachian Mountains. However, Indianapolis is the second largest of any state capital. The numerous highways that intersect in and around Indianapolis, its historical significance as a major rail hub, and the extensive canals that once crossed Indiana, are the source of the state motto, the “Crossroads of America”.
With all this in mind, it is vital to have the right car insurance coverage in the event of an auto accident. At MyCarInsuranceRates.com, we offer auto insurance information and the affordable car insurance quotes you need to get the best, cheap Indiana car insurance.
Indiana Car Insurance Requirements
The state of Indiana is a tort system insurance state, which means that one driver must be found at-fault for causing a car accident, and that person with their insurance company is responsible for all of the resulting damages. The details of a tort system vary from state to state.
Also, Indiana does not require drivers to purchase uninsured/underinsured motorist bodily injury coverage, which protects against bodily injury caused by an uninsured and/or underinsured driver. However, drivers should consider purchasing this valuable coverage if they can afford to do so.
Understanding Indiana Car Insurance Liabilities & Coverage
State law in Indiana requires drivers to maintain basic liability car insurance coverage, often referred to as 25/50/10 coverage. Minimum bodily injury liability limits must be at least $25,000 per injured person and $50,000 per accident, and property damage liability coverage must have a minimum limit of $10,000 per accident. Most experts agree that these limits are too low to cover the costs generally associated with a car accident today, and drivers are strongly encouraged to consider higher levels of coverage. Many professionals in the industry suggest a 100/300/100 coverage policy is a more reasonable level of protection for Indiana drivers.
Indiana Insurance Coverage
- Bodily Injury liability: $25,000/$50,000 Limit
- Property Damage Liability: $10,000 Limit
- Underinsured Motorist Bodily Injury Coverage: $50,000 Limit (unless waived)
Indiana Car Insurance Laws & Regulations
All vehicles that are required to have a license plate must be insured according to the state-mandated minimum liability limits established by Indiana law. New policies must include uninsured and underinsured motorist coverage at a minimum of $50,000, unless the policyholder expressly rejects the coverage in writing. Drivers must show their insurance card to law enforcement officers who pull them over for a safety check or traffic violation.
Driving a vehicle in Indiana without the proper insurance coverage can result in a 90 day license suspension. For drivers with multiple offenses within a three-year period, the suspension lasts for one year. To reinstate their license, the driver must present proof of valid current insurance and pay a $150 fee for a first offense, $225 for a second offense, and $300 for subsequent offenses.
Average Indiana Car Insurance Rates
The average auto insurance premium for residents in Indiana in 2010 was $1,243, somewhat lower than the national average of $1,538. Some Hoosiers think the insurance companies fix their rates across the board, and some drivers never shop around for better prices. In reality, every driver’s rate will be different with each car insurance company because of the way the insurer calculates risk and prices their policies.
Drivers really should engage in comparison shopping for rates to see if they currently have the best, most affordable car insurance on the market. Just enter your zip code and MyCarInsuranceRates.com will help you find the best car insurance rates in Indiana.
Indiana Car Insurance Quotes
Within the state of Indiana, car insurance rates have undergone extreme changes over the past few years. The average car insurance quote in Indiana was 28% lower in 2010 than 2009. If you have not checked your auto insurance rates recently, and you aren’t receiving lower rates, there is a good chance you are overpaying for your car insurance.
Right now is a great time to start saving money by shopping for new lower rates from the best car insurance companies, such as Nationwide, Allstate, GEICO, Progressive, 21st Century Insurance, Liberty Mutual, State Farm, Farmers Insurance, AAA, AARP, and Esurance.
Simply enter your zip code and let MyCarInsuranceRates.com provide you with free online quotes to help you save on your Indiana car insurance instantly.
